Bergleute verkauften keine Münzen mehr

Glassnode chart shows that miners stopped selling extracted Bitcoin and switched to the period of accumulation

Miner Net Positive entered the green zone for the first time in two months. This means that the owners of mining farms leave most of the mine funds in storage.

The position changed dramatically on February 26. Before that, for two months miners regularly repaid a lot of demand. Almost all of the money was immediately sold.

Now that the situation has changed, we need to see how it will affect the market. All in all, it's a bullish signal. Reducing sales activity is just what it takes to balance the market.

In 2020 the reward for mining was cut in half to 6.25 BTC. Each block is mined within 10 minutes, which means that 900 Bitcoins are mined per day.

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